Since others were receiving updated 1099-K forms, I checked my Paypal account as well. I saw mine was updated on March 16, 2023, but I did not receive a message from them letting me know this, so thank you everyone for mentioning this was happening.
My updated 1099-K was almost completely correct as they removed all of my sportsbook transactions except for the ones in July for some reason. I contacted Paypal about this and it seems like they were going to prepare another updated 1099-K for me, but when I got transferred to the tax department, it was after 9:00 PM EST, so they were closed. I will have to call back tomorrow.
